The North America e-commerce retail market is anticipated to grow at a significant CAGR of 11.7% during the forecast period. Major factors contributing to the growth of the e-commerce retail market include improved infrastructure in major countries, inclination towards online payment, and significant internet usage within the region. The major countries in North America have quality infrastructure which allows e-commerce companies to serve vast markets covering urban and rural populations. The majority of the population prefers online modes of payment due to the wide penetration of internet and smartphone users. Prepayment, cash on delivery, and other modes of payment allow the e-commerce companies in the region to work smoothly and focus on the core business.
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The e-commerce companies have significant opportunities to explore the e-commerce retail market due to high internet and smartphone penetration in the North American region. It also helps e-commerce companies in expanding their business through wider reach. However, the high cost for reverse logistics and expensive workforce will affect the growth of the e-commerce retail market. The cost of reverse logistics in major countries of North America is a concern for e-commerce companies. The companies operating in the region also have to deal with high expenditure on the workforce.
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North America E-commerce Retail Market Segmentation
By Product Type
- Electronics
- Grocery
- Fashion
- Home Decor
- Healthcare
- Automobile
- Sports
- Beauty and Personal Care
- Kitchenware
- Other
By End User
- Business to Business
- Business to Customer
- Customer to Customer
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